MCB Islamic Bank, Hyundai Nishat Motors & Adamjee Insurance enter a strategic alliance

LAHORE: MCB Islamic Bank Ltd., Hyundai Nishat Motors & Adamjee Insurance (WTO) have joined hands for a strategic collaboration to provide exclusive car financing solution to their customers.

The MOU signing ceremony was held in Lahore on 10th May, 2022. The ceremony was attended by Mr. Mian Muhammad Mansha, Mr. Mian Hasan Mansha – CEO Hyundai Nishat Motors, Mr. Muhammad Ali Zeb – Managing Director Adamjee Insurance and Mr. Muhammad Afaq Khan – President MCB Islamic Bank Ltd.

Mr. Malik Muhammad Adnan, GM Sales & Marketing from HNMPL & Mr. Muhammad Hamid Yasin, Group Head Consumer Finance, MCB Islamic Bank Ltd. signed the MOU on behalf of respective organizations.

Through this alliance, MCB Islamic Bank Ltd. would provide Shari’ah compliant car financing on different variants of Hyundai’s vehicles at a fixed financing rate. Adamjee would be providing exclusive vehicle and family takaful coverage. With this exclusive agreement customers would also be able to avail priority vehicle delivery. The Hyundai vehicles can conveniently be booked from any MCB Islamic Bank branch or from any Hyundai 3S authorized dealership across Pakistan. The collaboration of these companies would be beneficial to the customers as it would be providing a one window hassle free solution. Commenting on the partnership, Mr. Muhammad Afaq Khan, President MCB Islamic Bank Ltd. stated, “MCB Islamic Bank aims to provide customers with Shari’ah compliant valueadded products and services. This alliance with Hyundai Nishat Motors will enable us to ensure that our customers are able to receive delivery of their Hyundai vehicles in the most timely, efficient, and Shari’ah compliant manner.”